What Amount Today Is Equivalent to $6,800 Three Years Ago

question 260

Multiple Choice

What amount today is equivalent to $6,800 three years ago, if money earned 12% compounded quarterly over the past three years?

• A) $8,872.46
• B) $9,553.51
• C) $9,695.17
• D) $9,729.23
• E) $4,769.38

---

Definitions:

Unfinished Paper

An in-progress academic or scholarly paper that has not yet reached completion.

Failing Grade

A grade indicating that the performance does not meet the minimum academic standards.

Daily Hassles

Minor irritations and annoyances that are part of our everyday lives and can contribute to higher stress levels.

Hypertension

A medical condition characterized by consistently high blood pressure, which can increase the risk of heart disease and stroke.